Key Facts Statement/Schedule of Fees and Charges
BEA launches the Green Mortgage Plan (“the Plan”) to promote green living and sustainability in Hong Kong by encouraging customers to purchase property in sustainably designed and constructed buildings. These buyers will also benefit from future cost savings as a result of better energy efficiency.
The Plan is offered to prospective purchasers of first-hand, second-hand, or government-subsidised residences that have a valid provisional/final “Platinum” or “Gold” rating under the BEAM Plus New Buildings/Existing Building scheme of the Hong Kong Green Building Council. Details are as follows:
Eligibility:
- Any new mortgage or refinancing of first-hand, second-hand or government subsidized housing with valid provisional/final “Platinum” or “Gold” rating under BEAM Plus New Buildings/ Existing Buildings scheme
You can view the names of eligible properties at
https://hkgbc.org.hk/eng/beam-plus/beam-plus-dir-stat/BEAMPlusResProp/beamplus-resprop.jsp
Special features:
- Online application
- Preferential mortgage rate as low as H+1.3% and cash rebate up to 1.9%
- Cash rebate of HK$800 for successfully online application
- Extra "Green Mortgage Plan" Rewards
| Mortgage Loan Amount |
Extra Cash Rebate |
| HK$8,000,000 or above |
HK$12,000 |
| HK$5,000,000 - HK$7,999,999 |
HK$8,888 |
| HK$1,000,000 - HK$4,999,999 |
HK$6,888 |
Promotional period:
- 1st January to 31th December, 2023
Apply Now
GREEN Mortgage x Deposit Campaign
For eligible Green Mortgage customer, you can enjoy 12-month time deposit preferential interest rate and the deposit amount can be up to 100% of the mortgage loan amount. You can simply placing time deposit with new funds through our digital channels. For details, please refer to the below reward table. Terms and conditions apply.
|
Initial Mortgage Loan Amout
(HK$)
|
Minimum Deposit Amount
(HK$)
|
Maximum Deposit Amount
(HK$)
|
| $1,000,000 - $4,999,999 |
$100,000 |
$1,000,000 |
| $5,000,000 - $9,999,999 |
$5,000,000 |
| $10,000,000 or above |
$10,000,000 |
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Green Mortgage Plan Terms & Conditions:
- Customer may apply for a Green Mortgage (“Green Mortgage”) with The Bank of East Asia, Limited (the “Bank”) if the property is residential and certified at ”Platinum” or “Gold” rating by the Hong Kong Green Building Council (“Eligible Green Property”) via www.hkbea.com/greenmortgage/en. The minimum loan amount requirement for Green Mortgage is HK$1,000,000. Refer to https://hkgbc.org.hk/eng/beam-plus/beam-plus-dir-stat/BEAMPlusResProp/beamplus-resprop.jsp for more information on Eligible Green Properties.
- Customer who has successfully applied for a Green Mortgage with the Eligible Green Property during the period from 1 January to 31 December 2023. Customers will be entitled to a one-off cash subsidy of HK$12,000 (applicable to the Green Mortgage loan amount is HK$8,000,000 or above); or HK$8,888 (applicable to the Green Mortgage loan amount is HK$5,000,000 to HK$7,999,999 or below); or HK$6,888 (applicable to the Green Mortgage loan amount is HK$1,000,000 to HK$4,999,999 or below). The extra cash rebate will be rewarded to your designated BEA Banking accounts in a month.
- Prime-based Mortgage Plan is applicable to Government Subsidized Housing Scheme.
- Customer who has successfully applied for a Green Mortgage with the Eligible Green Property from 1 January 2023 onwards will be entitled to Mortgage Deposit-Linked account with saving deposit limit up to 50% of the outstanding principal of the loan, or the amount of a HK$2,000,000 whichever is lower.
- The Deposit Cap Offer and Cash Subsidy Offer remain valid even if the certification of the Eligible Green Property changes or expires after final approval for the Green Mortgage by the Bank. For the avoidance of doubt, the rating certified by the Hong Kong Green Building Council may change from time to time.
- For each eligible Green Mortgage, the maximum cash subsidy amount for all prevailing offers must not exceed 1% of the mortgage loan drawdown amount. If the sum of cash subsidy is greater than 1% of the aforesaid amount, the cash subsidy offered under all prevailing offer(s) will be included in the aforesaid amount for the calculation of Loan-to-value ratio (LTV).
- In the event that the customer is also entitled to other prevailing promotional offer(s), the Bank reserves the right to provide only one offer at its absolute discretion.
- The Bank reserves the right to vary, modify or terminate the offerings of Green Mortgage, and the terms and conditions from time to time without prior notice. In case of disputes, the Bank’s decision shall be final and binding.
- Should there be any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.
To borrow or not to borrow? Borrow only if you can repay!
Terms and conditions apply.
